BOBAL: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
BOBAL
Largest movements
- Current investments +€4.0m
new in 2026: €4.0m
- Tangible fixed assets +€1.1m
up €1.1m (+337.6%), from €338,840 to €1.5m
of which Land and buildings: +€1.4m
- Receivables within one year +€434,685
up €434,685 (+450.1%), from €96,565 to €531,250
of which Other amounts receivable: +€415,980
- Stocks and contracts -€362,586
down €362,586 (-100.0%), from €362,586 to €0
- Cash -€125,366
down €125,366 (-25.0%), from €502,252 to €376,886
mainly Current investments (-€4.0m) and Investment in fixed assets (net) (-€1.1m)
- Profit (loss) carried forward +€4.8m
up €4.8m (+884.7%), from €544,086 to €5.4m
- Debts after one year +€628,121
new in 2026: €628,121
- Trade debts -€309,741
down €309,741 (-99.6%), from €311,080 to €1,339
- Tax, wage and social debts -€179,891
down €179,891 (-99.3%), from €181,117 to €1,226
of which Remuneration and social security: -€163,303
- Current portion of long-term debt +€71,879
new in 2026: €71,879
- Gross operating margin +€5.5m
up €5.5m (+453.0%), from €1.2m to €6.7m
- Taxes +€1.6m
up €1.6m (+3023.7%), from €51,617 to €1.6m
- Staff costs -€562,833
down €562,833 (-65.6%), from €858,535 to €295,702
- Depreciation -€106,530
down €106,530 (-77.6%), from €137,332 to €30,802
From the 2025 result to the 2026 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,366,284 | €6,390,650 | +€5.0m | +367.7% |
| Fixed assets | 21/28 | €402,757 | €1,482,926 | +€1.1m | +268.2% |
| Intangible fixed assets | 21 | €63,917 | €0 | -€63,917 | -100.0% |
| Tangible fixed assets | 22/27 | €338,840 | €1,482,926 | +€1.1m | +337.6% |
| Land and buildings | 22 | - | €1,420,860 | +€1.4m | |
| Plant, machinery and equipment | 23 | €239,563 | €0 | -€239,563 | -100.0% |
| Furniture and vehicles | 24 | €88,728 | €62,066 | -€26,662 | -30.0% |
| Other tangible fixed assets | 26 | €10,549 | €0 | -€10,549 | -100.0% |
| Current assets | 29/58 | €963,527 | €4,907,725 | +€3.9m | +409.4% |
| Stocks and contracts in progress | 3 | €362,586 | €0 | -€362,586 | -100.0% |
| Stocks | 30/36 | €362,586 | €0 | -€362,586 | -100.0% |
| Amounts receivable within one year | 40/41 | €96,565 | €531,250 | +€434,685 | +450.1% |
| Trade receivables | 40 | €45,744 | €64,450 | +€18,706 | +40.9% |
| Other amounts receivable | 41 | €50,820 | €466,800 | +€415,980 | +818.5% |
| Current investments | 50/53 | - | €3,999,557 | +€4.0m | |
| Cash at bank and in hand | 54/58 | €502,252 | €376,886 | -€125,366 | -25.0% |
| Deferred charges and accrued income | 490/1 | €2,124 | €32 | -€2,092 | -98.5% |
| Total equity and liabilities | 10/49 | €1,366,284 | €6,390,650 | +€5.0m | +367.7% |
| Equity | 10/15 | €874,086 | €5,687,585 | +€4.8m | +550.7% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €30,000 | €30,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €30,000 | €30,000 | = | 0.0% |
| Legal reserve | 130 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €544,086 | €5,357,585 | +€4.8m | +884.7% |
| Amounts payable | 17/49 | €492,197 | €703,065 | +€210,868 | +42.8% |
| Amounts payable after more than one year | 17 | - | €628,121 | +€628,121 | |
| Financial debts | 170/4 | - | €628,121 | +€628,121 | |
| Amounts payable within one year | 42/48 | €492,197 | €74,945 | -€417,253 | -84.8% |
| Current portion of amounts payable after more than one year | 42 | - | €71,879 | +€71,879 | |
| Trade debts | 44 | €311,080 | €1,339 | -€309,741 | -99.6% |
| Suppliers | 440/4 | €311,080 | €1,339 | -€309,741 | -99.6% |
| Taxes, remuneration and social security | 45 | €181,117 | €1,226 | -€179,891 | -99.3% |
| Taxes | 450/3 | €17,815 | €1,226 | -€16,588 | -93.1% |
| Remuneration and social security | 454/9 | €163,303 | €0 | -€163,303 | -100.0% |
| Other amounts payable | 47/48 | €0 | €500 | +€500 | |
| Remuneration, social security and pensions | 62 | €858,535 | €295,702 | -€562,833 | -65.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €137,332 | €30,802 | -€106,530 | -77.6% |
| Other operating charges | 640/8 | €7,312 | €5,063 | -€2,249 | -30.8% |
| Gross operating margin | 9900 | €1,216,003 | €6,724,504 | +€5.5m | +453.0% |
| Operating profit (loss) | 9901 | €212,823 | €6,392,937 | +€6.2m | +2903.9% |
| Financial income | 75/76B | €9,367 | €48,659 | +€39,293 | +419.5% |
| Recurring financial income | 75 | €9,367 | €48,659 | +€39,293 | +419.5% |
| Financial charges | 65/66B | €30,984 | €15,725 | -€15,259 | -49.2% |
| Recurring financial charges | 65 | €30,984 | €15,725 | -€15,259 | -49.2% |
| Profit (loss) for the period before taxes | 9903 | €191,207 | €6,425,871 | +€6.2m | +3260.7% |
| Income taxes | 67/77 | €51,617 | €1,612,373 | +€1.6m | +3023.7% |
| Profit (loss) for the period | 9904 | €139,590 | €4,813,499 | +€4.7m | +3348.3% |
| Profit (loss) for the period to be appropriated | 9905 | €139,590 | €4,813,499 | +€4.7m | +3348.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 April 2025 and 30 April 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.